KBRA: PG&E Likely to Request PPA Rejection from Bankruptcy Court

Credit rating agency KBRA released a project finance report exploring how the bankruptcy of Pacific Gas & Electric will affect project financings and power purchase agreements.

AlixPartners MD Tapped as Restructuring Chief in PG&E Bankruptcy

Turnaround specialist James Mesterharm, a managing director at AlixPartners, has been tapped to lead restructuring efforts during PG&E’s soon-to-be-filed bankruptcy, according to sources talking Reuters.

BofA, Others to Provide $5.5MM DIP Facilities to PG&E

Bank of America, JPMorgan Chase Bank, Barclays Bank and Citigroup Global Markets signed a commitment letter to provide $5.5 billion in senior secured super-priority DIP credit facilities to support PG&E through its bankruptcy process.